全 24 件のコメント

[–]CatFortuneにゃんぱす! 5ポイント6ポイント  (11子コメント)

I’m going to list some questions from the infamous Political Compass test. Feel free to answer or address some, any, or none of them. For clarity, they are agree/disagree questions.

  • If economic globalisation is inevitable, it should primarily serve humanity rather than the interests of trans-national corporations.

  • Military action that defies international law is sometimes justified.

  • People are ultimately divided more by class than by nationality.

  • Controlling inflation is more important than controlling unemployment.

  • "from each according to his ability, to each according to his need" is a fundamentally good idea.

  • It's a sad reflection on our society that something as basic as drinking water is now a bottled, branded consumer product.

  • Land shouldn't be a commodity to be bought and sold.

  • It is regrettable that many personal fortunes are made by people who simply manipulate money and contribute nothing to their society.

  • Protectionism is sometimes necessary in trade.

  • The rich are too highly taxed.

  • Those with the ability to pay should have the right to higher standards of medical care .

  • Governments should penalise businesses that mislead the public.

  • Taxpayers should not be expected to prop up any theatres or museums that cannot survive on a commercial basis.

  • The prime function of schooling should be to equip the future generation to find jobs.

  • Those who are able to work, and refuse the opportunity, should not expect society's support.

  • When you are troubled, it's better not to think about it, but to keep busy with more cheerful things.

  • No broadcasting institution, however independent its content, should receive public funding.

  • Abstract art that doesn't represent anything shouldn't be considered art at all.

  • The businessperson and the manufacturer are more important than the writer and the artist.

  • Multinational companies are unethically exploiting the plant genetic resources of developing countries.

  • Charity is better than social security as a means of helping the genuinely disadvantaged.

Trivia: If you take this test while feeling uniformly strongly disagreeable, you get this. Interestingly, my last testing got around this mark.

[–]irwin08STAGFLATION IS COMING, BUY GOLD NOW!!1! 4ポイント5ポイント  (5子コメント)

If economic globalisation is inevitable, it should primarily serve humanity rather than the interests of trans-national corporations.

This sounds like something Bernie Sanders would say and doesn't really mean anything so No Opinion.

Military action that defies international law is sometimes justified.

Yes, if Russia or someone blocks a UN security council decision that threatens there interests but the military action is still needed then it is justified.

People are ultimately divided more by class than by nationality.

I guess?

Controlling inflation is more important than controlling unemployment.

To a certain extent. It should be a balance though. We shouldn't be using higher and higher inflation to fight unemployment for example.

"from each according to his ability, to each according to his need" is a fundamentally good idea.

None of that commie crap.

It's a sad reflection on our society that something as basic as drinking water is now a bottled, branded consumer product.

Disagree, water has a market just like everything else.

Land shouldn't be a commodity to be bought and sold.

Lol disagree. DAE tragedy of the commons?

It is regrettable that many personal fortunes are made by people who simply manipulate money and contribute nothing to their society.

Disagree, there is no such thing as a free lunch.

Protectionism is sometimes necessary in trade.

lol nope

The rich are too highly taxed.

Probably not.

Those with the ability to pay should have the right to higher standards of medical care .

Agree.

Governments should penalise businesses that mislead the public.

Yes.

Taxpayers should not be expected to prop up any theatres or museums that cannot survive on a commercial basis.

Yes, muh free markets.

The prime function of schooling should be to equip the future generation to find jobs.

Sort of agree? I think it should be up to the student and parent at the end of the day, vouchers pls.

Those who are able to work, and refuse the opportunity, should not expect society's support.

Well yeah, when the question is framed that way.

When you are troubled, it's better not to think about it, but to keep busy with more cheerful things.

I guess?

No broadcasting institution, however independent its content, should receive public funding.

Agreed.

Abstract art that doesn't represent anything shouldn't be considered art at all.

Don't really care, people can have their own opinions.

The businessperson and the manufacturer are more important than the writer and the artist.

Very subjective so don't really care as well.

Multinational companies are unethically exploiting the plant genetic resources of developing countries.

Disagree as this is usually an argument against free trade.

Charity is better than social security as a means of helping the genuinely disadvantaged.

Depends. Negative income tax pls.

[–]irondeepbicycleI got 99 problems but technological unemployment ain't one 3ポイント4ポイント  (0子コメント)

No broadcasting institution, however independent its content, should receive public funding.

Agreed.

#IStandWithSesameStreet

[–]CatFortuneにゃんぱす! 3ポイント4ポイント  (0子コメント)

Thanks for answering every question and giving your opinions. I enjoy hearing people's opinions as much as I like giving my own.

[–]say_wot_againConfirmed for Google bigwig 3ポイント4ポイント  (1子コメント)

Agreed with almost everything. However...

It is regrettable that many personal fortunes are made by people who simply manipulate money and contribute nothing to their society.

Disagree, there is no such thing as a free lunch.

I mean, there's a sound argument to be made that at current margins, much of finance is a zero sum game, and further investment of human capital into it is socially wasteful.

Protectionism is sometimes necessary in trade.

lol nope

New Trade Theory does real, and Rodrik's argument that the third-world should prioritize manufacturing to accelerate productivity convergence makes sense. Now, these are more the exception than the rule, and it's certainly different than what the average responder to that question will interpret it as, but still...

Multinational companies are unethically exploiting the plant genetic resources of developing countries.

What the fuck does that even mean? Is it a complaint about GMOs? If so, that's kinda garbage. Is it a complaint that developing countries get stuck doing more agriculture and less manufacturing than they should to have productivity convergence? If so, that makes sense, but the reason why this is bad is because developing countries have less efficient agriculture than America et al.

[–]irwin08STAGFLATION IS COMING, BUY GOLD NOW!!1! 3ポイント4ポイント  (0子コメント)

I mean, there's a sound argument to be made that at current margins, much of finance is a zero sum game, and further investment of human capital into it is socially wasteful.

Fair enough.

New Trade Theory does real, and Rodrik's argument that the third-world should prioritize manufacturing to accelerate productivity convergence makes sense. Now, these are more the exception than the rule, and it's certainly different than what the average responder to that question will interpret it as, but still...

Even if in theory certain protectionist policies may be beneficial for a time, in reality it is very hard to get rid of them once they are in place. Look at all the outrage in Canada for even suggesting supply management is done away with, special interests are very influential and the average person isn't very interesting in the economic arguments for free trade. This is just coming from my libertarian priors though.

What the fuck does that even mean?

lol I have no idea, it is just some politically charged "her der fuck corporations" statement as far as I can tell.

[–]potato1 0ポイント1ポイント  (0子コメント)

Lol disagree. DAE tragedy of the commons?

The "tragedy of the commons" isn't a real thing, just so you know.

Political scientist Elinor Ostrom, who later won the Nobel Prize in economics, and others revisited Hardin's work in 1999.[12] They found the tragedy of the commons not as prevalent or as difficult to solve as Hardin maintained, since locals have often come up with solutions to the commons problem themselves; when the commons is taken over by non-locals, those solutions can no longer be used.[13] Robert Axelrod contends that even self-interested individuals will often find ways to cooperate, because collective restraint serves both the collective and individual interests.[14]

Hardin's work was also criticised[15] as historically inaccurate in failing to account for the demographic transition, and for failing to distinguish between common property and open access resources.[16] In a similar vein, Carl Dahlman argues that commons were effectively managed to prevent overgrazing.[17] Likewise, Susan Jane Buck Cox argues that the common land example used to argue this economic concept is on very weak historical ground, and misrepresents what she terms was actually the "triumph of the commons"; the successful common usage of land for many centuries. She argues that social changes and agricultural innovation led to the demise of the commons; not the behaviour of the commoners.[18]

[–]alexhoyerI used to bullseye Keynesians in my T-16 3ポイント4ポイント  (0子コメント)

If economic globalisation is inevitable, it should primarily serve humanity rather than the interests of trans-national corporations.

Presuming the two are mutually exclusive, no?

Military action that defies international law is sometimes justified.

Agreed, war is changing rapidly and I doubt international institutions can keep up.

People are ultimately divided more by class than by nationality.

In all likelihood there's a correlation there...

Controlling inflation is more important than controlling unemployment.

I do like price stability. How would we even evaluate this?

"from each according to his ability, to each according to his need" is a fundamentally good idea.

Sounds reasonable I guess, but I don't like where it's headed.

It's a sad reflection on our society that something as basic as drinking water is now a bottled, branded consumer product.

Private water sources constitute far less than 1% of annual water consumption. Dave Zetland has laid out a compelling case for water rights in the AMAs he's done.

Land shouldn't be a commodity to be bought and sold.

Heaven forbid we allocate scarce resources using the pricing mechanism.

It is regrettable that many personal fortunes are made by people who simply manipulate money and contribute nothing to their society.

As a professionally employed usurer I can assure you this is all we've ever done for society, companies don't need financing.

Protectionism is sometimes necessary in trade.

Even Kruggers is skeptical of the viability of this practice, governments aren't good enough at choosing industries for it to be viable (even if it could work in theory).

The rich are too highly taxed.

I'm not sure how anyone could come to this conclusion.

Those with the ability to pay should have the right to higher standards of medical care .

Somebody really hates the price mechanism. Supply matters.

The prime function of schooling should be to equip the future generation to find jobs.

No the primary point of schooling is to provide a forum for me to express myself artistically.

Governments should penalise businesses that mislead the public.

Yes.

Multinational companies are unethically exploiting the plant genetic resources of developing countries.

Damn hippies, fair trade is stupid.

Charity is better than social security as a means of helping the genuinely disadvantaged.

Social security explains 100% of the decline in elderly poverty over the past few decades, I can't believe you'd get the same result with charity.

[–]LordBufo 2ポイント3ポイント  (0子コメント)

I got ec=-4.25&soc=-6.46. I guess I'm a left-libertarian lol.

[–]UmmahSultan 2ポイント3ポイント  (0子コメント)

Political compasses are for baseball-obsessed libertarians, but anyway it's pretty amusing that gun ownership is categorized as an economic issue, while military spending is somehow a social issue.

[–]Webby911 2ポイント3ポイント  (0子コメント)

Not having privately owned land was literally the tragedy of the commons though, that's like a right or wrong answer, collective ownership of land just doesn't work.

[–]CatFortuneにゃんぱす! 0ポイント1ポイント  (0子コメント)

I was so interested in hearing everyone else's opinions that it didn't occur to me for a long time that I could answer the questions too. Fun fun fun fun!

  • If economic globalisation is inevitable, it should primarily serve humanity rather than the interests of trans-national corporations.

As someone pointed out, this is a false dichotomy. I don't know the answer if I had to pick one, because while humanity is the obvious choice, it surreptitiously suggests a questionable economic world order.

  • Military action that defies international law is sometimes justified.

Foreign policy is not my bag (then again, neither is economics), but this is one of those crappy absolute questions that is technically true if there are any possible examples. If the international law is unjust, then it would seem the right thing to do is break it. Unjust international laws are easily conceivable.

  • People are ultimately divided more by class than by nationality.

I always said yes to this back in the day to be a good socialist, but I don't think it's true. I can talk to and relate to people across classes, and I do every day. But even in cases where you can cross the language barrier, the customs and mores of outside cultures can easily be alien to me.

  • Controlling inflation is more important than controlling unemployment.

I usually guess no to this, but I don't know.

  • "from each according to his ability, to each according to his need" is a fundamentally good idea.

I am a person of considerable need, so the theory sounds nice. But I think the problem is how to determine ability and need and distribute it effectively. It sounds like it would be a command economy by definition, and I understand that's never worked.

  • It's a sad reflection on our society that something as basic as drinking water is now a bottled, branded consumer product.

Another one of those good socialist questions for me, but when I think about it, I don't honestly feel this way. Maybe I'm just jaded, though.

  • Land shouldn't be a commodity to be bought and sold.

Same as above. Not sure what other system one would have in mind.

  • It is regrettable that many personal fortunes are made by people who simply manipulate money and contribute nothing to their society.

Don't kill me guys but I have no idea what these finance type people even do. I read /u/say_wot_again's response a few minutes ago, and apparently there's a legitimate argument for this sentiment. I doubt these people are total leeches though, so I at least lump the tone of this question in with the past several melodramatic socialist questions.

  • Protectionism is sometimes necessary in trade.

This question annoys me, because my complete feelings about free trade are "The overwhelming expert consensus is that it's good, and I believe it." But you get anti-free trade credit if you think there are ANY justifications for protectionism. I don't know, maybe it's that absolute, but I feel like there's SOME cases in which protectionism is a good idea.

  • The rich are too highly taxed.

I have no idea honestly. I doubt it.

  • Those with the ability to pay should have the right to higher standards of medical care.

Not a health care economist, but I feel like there should be a minimum level of health care everyone should get. The reality of limiting everyone to that probably would play out badly.

  • Governments should penalise businesses that mislead the public.

Obviously. But I kept this one to see if there were any interesting arguments against.

  • Taxpayers should not be expected to prop up any theatres or museums that cannot survive on a commercial basis.

Theatres no, but I feel investing in museums to an extent would be good.

  • The prime function of schooling should be to equip the future generation to find jobs.

Prime, probably. Sole? Obviously not.

  • Those who are able to work, and refuse the opportunity, should not expect society's support.

Everyone should get SOME support. Right? I mean come on.

  • When you are troubled, it's better not to think about it, but to keep busy with more cheerful things.

I think this is one of those weird questions they put in for misguided reasons. Probably not a lot of test-retest reliability when it comes to me on this one. I would say yes, focus on cheerful things.

  • No broadcasting institution, however independent its content, should receive public funding.

I love NPR and public radio. How can you say no?

  • Abstract art that doesn't represent anything shouldn't be considered art at all.

I kept this to see if anyone would go on a rant about abstract art being bullshit. Another one of those misguided questions though tbh. I think art is flexible in definition to say the least, but personally I think it's not a highly exclusive term. I think TV shows are art in a way, or at least there is art to them.

  • The businessperson and the manufacturer are more important than the writer and the artist.

Probably more fundamental.

  • Multinational companies are unethically exploiting the plant genetic resources of developing countries.

I don't know. Maybe?

  • Charity is better than social security as a means of helping the genuinely disadvantaged.

I'm genuinely disadvantaged. I don't need the arbitrary whims of collective feels to drum up a ribbon for my cause, I need institutionalized societal support.

[–]irwin08STAGFLATION IS COMING, BUY GOLD NOW!!1! 4ポイント5ポイント  (1子コメント)

So the Liberal Party of Canada put out there platform for the election in two weeks. Does it contain badecon? Link

[–]UmmahSultan 2ポイント3ポイント  (0子コメント)

We will continue to defend Canadian interests during trade negotiations, including supply management.

This is barely-disguised dogwhistle for Canada's infamous dairy supply management system, in which good milk is blatantly wasted in order to keep supply down. This issue has the potential to derail Canada's participation in the TPP, meaning that Canadians will eventually experience greater economic isolation than the Vietnamese.

[–]wshanahana slightly less shitty libertarian 2ポイント3ポイント  (0子コメント)

Things like this are why I'm hesitant to tell people I have libertarian leanings. Yes I'm all for sacrificing goats and drinking their blood but there's no need to sully a perfectly good ritual with neo-nazis.

[–]Oronsolot 1ポイント2ポイント  (1子コメント)

What's the current state of evidence regarding educational voucher systems effect on improving educational outcomes?

[–]alexhoyerI used to bullseye Keynesians in my T-16 2ポイント3ポイント  (0子コメント)

Head to NBER and search Roland Fryer, he's done a lot of good work on this issue. Here's a particularly compelling paper of his.

[–]alexhoyerI used to bullseye Keynesians in my T-16 1ポイント2ポイント  (1子コメント)

I have a question. It was my understanding that business cycles are fluctuations around the long run path of the economy, and that by extension they shouldn't affect long run growth (or levels). But I've been reading Krugman and he argues that recessions affect both long run growth and the level path of the macroeconomy. Wat do? Maybe he was just arguing that self-correction would take an extensive period of time but it didn't seem that way.

[–]PonderayFollows an AR(1) process 0ポイント1ポイント  (0子コメント)

Krugman argues that long jobless recoveries have the potential to lower potential GDP. The idea is that long periods of unemployment can destroy human capital. There's a fairly recent Paper by Delong and Summers on this idea.

[–]KaliYugaz 1ポイント2ポイント  (1子コメント)

This isn't really badecon (really it touches more on business law than econ per se), and I'm sorry if if it sounds like a dumb question, but I'm not sure where else to ask it and get actually credible and non-paranoid opinions:

I'm heavily into the anime and manga fandom. Since many good but obscure works (as well as fan works, doujins, and hentais) aren't licensed in the United States, I often have to rely on fan translations, video streams, and scanlation websites like mangareader and pururin.

Those are already technically illegal, but the Japanese authorities have historically turned a blind eye to them, because the companies in question see it as free marketing for the real products they sell, like LNs, Blu-rays, and merchandise. However, the TPP is a binding international agreement, and I heard that it has some stronger language about copyright enforcement, though I don't know what that entails. How much of a threat would the TPP agreement be to my hobbies?

[–]CatFortuneにゃんぱす! 0ポイント1ポイント  (0子コメント)

Asking the real questions.

[–]PonderayFollows an AR(1) process 0ポイント1ポイント  (0子コメント)

The hedonic regression literature is weird. A lot of the papers have been published that don't end up working. Or else have to make weird assumptions on the functional form of the price function.

[–]SenorFluffyDon't prax me bro 0ポイント1ポイント  (0子コメント)

Brace yourself for the flood of TPP posts incoming. So much front page stuff you could mine for bad economics for days.

[–]ampersamp 0ポイント1ポイント  (0子コメント)

Ayy lmao at tobacco companies getting their very own exception to the ISDS provisions in the TPP. Serves em right.